Talos Energy raises 2024 production guidance after early QuarterNorth close

TALOS ENERGY INC.

Full-year avg daily production raised to 89-95 MBoe/d (prior 87-93); includes ~10 months of QuarterNorth.
Q1 2024 production expected 78-80 MBoe/d, up from prior 70-72 MBoe/d.
Cash operating expenses guided $510-$530M; G&A $100-$110M for full year.
Upstream capex $570-$600M; P&A decommissioning $90-$100M; interest $175-$185M.
Approximately $15M in expenses related to HP-I drydock and workover projects.

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